While scanning for trade setups today, I found these interesting candlesticks that I have never seen before - during the run up and in the books. I just saw them today - during the downtrend and dead cats:
All of them showed at the bottom(downtrend) and I have no idea what they mean.
Moving on through my scans, I found yet another sample of the candlestick formation which is older by 3 days:
Does it mean reversal? Forming a base? Or bearishly consolidating at the bottom?
Let's make it more complicated. I found the same pattern on an issue that has moved up:
It looks like a dark cloud cover, only this time, it's not a dark cloud.
Not a bullish engulfing.
Not a piercing pattern.
Not a kicking pattern.
If none of the above, what could it be?
Oh and volume is pretty heavy on the long white candle.
I think I just found out another way to complicate my trading!
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